ENERGY METALS LTD — Director's Dealing 2008

May 25, 2008

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	ENERGY METALS LIMITED
ABN	63 111 306 533

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	DONALD ROSS KENNEDY
Date of last notice	23/01/2007

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct – Donald Ross Kennedy
Nature of indirect interest	Redross Consultants Pty Ltd (Mr Kennedy is a director
(including registered holder)Note: Provide details of the circumstances giving rise	and beneficiary of Redross Consultants)
to the relevant interest.
Date of change	26/05/2008
No. of securities held prior to	50,400 ordinary fully paid shares (Direct)
change	60,000 ordinary fully paid shares (Indirect)
	24,000 10c options expiry 30/06/08 (Direct)
	1,500,000 10c unlisted options expiry 30/06/10 (Indirect)
Class	Listed options
Number acquired	24,000 Fully paid ordinary shares on exercise of options
Number disposed	-
Value/Consideration
Note: If consideration is non-cash, provide detailsand estimated valuation	$2,400.00 (24,000 options exercisable at 10c per option)
No. of securities held after change	74,400 ordinary fully paid shares (Direct)
	60,000 ordinary fully paid shares (Indirect)
	1,500,000 10c unlisted options expiry 30/06/10 (Indirect)

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of changeExample: on-market trade, off-market trade, exerciseof options, issue of securities under dividendreinvestment plan, participation in buy-back	Exercise of options

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002